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Petronet
to decide on fate of Central India pipeline in May
New Delhi: Petronet India Ltd will take a final call
on the 1,700 km Central India Pipeline at its board meeting
next month. Full story
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L&T
seeks $50-million loan from IFC for restructuring
Mumbai: Larsen & Toubro is negotiating with the
International Finance Corporation for a $50 million loan
as part of an operational and financial restructuring
programme.
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Jindal
Strips makes $15 million part-payment for FCCB issue
New Delhi: Jindal Strips has made a part-payment of
$15 million towards a $30-million foreign currency convertible
bonds issue.
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Birla
Copper to use Mitsubishi Tech for capacity expansion
Mumbai: Birla Copper, now a part of Hindalco Industries,
is embarking on a 2.5 lakh tonne brownsfield expansion
plan, its third, with technology from Mitsubishi Materials
of Japan
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Reliance
Infocomm to dump direct sellers
Mumbai: Reliance Infocomm is making a stunningly fundamental
shift in strategy. The company is phasing out its hugely-publicised
Dhirubhai Ambani Entrepreneurs scheme and will instead
sell through its own retail channel.
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Who's
buying brand Chandrika?
Mumbai: Confusion prevails over the fate of 60-year
old ayurvedic soap brand Chandrika. While investment banking
sources say that Wipro is close to buying out the brand
for around Rs 55 crore, FMCG major Marico Industries claims
to have already signed an MoU with the Chandrika family,
according to which the family has agreed to license the
brand exclusively to Marico for an initial but renewable
period of 50 years.
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Netafim
gets nod to buy out partners in joint venture
New Delhi: The Israel-based Netafim group, a world
leader in the field of micro-irrigation products and solutions,
is all set to convert its Indian joint venture company
into a wholly-owned subsidiary. For this, the company
has received the go-ahead from ... More
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Joint
group to sort out DCA-SEBI overlap
New Delhi: The Department of Company Affairs (DCA)
and the Securities & Exchange Board of India (SEBI)
have proposed to set up a joint working group with representations
from both the regulatory mechanisms in order to avoid
emergence of any `turf war'between the two.
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BSNL
to go aggressive on WLL services
New Delhi: Having given the private cellular operators
a heart-attack by roping in as many as 2.25 million mobile
customers in just five months, Bharat Sanchar Nigam Ltd
(BSNL) is now all set to challenge Reliance Infocomm Ltd
and Tata Teleservices Ltd by aggressively re-launching
its limited mobility services — Tarang — across
the country.
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